Skip to main content

Main Area

Main

Best cities for house flippers

  • Osbornb // flickr
    1/ Osbornb // flickr

    Best cities for house flippers

    Ever heard the age-old expression: “Love makes a house a home?” It’s rooted in the idea that a home is not defined solely by its physical structure, but also by those contributing to its warm, welcoming atmosphere. Ironically, most houses will not be able to attract the people necessary to make them homes without the proper decor, which is where house flippers come in. Many people find creative ways of making money through the real estate market, one of which is though purchasing homes at a low price, improving their design, then “flipping” them for a profit.

    The first quarter of 2016 yielded an average profit for home flippers of $58,520, a figure which could be considered a good or bad return on investment depending on how much the homes originally cost. Colorado real estate agent Mark Ferguson points out that a rule of thumb many flippers use is “30% margin plus repairs,” or the flip may be considered a disappointment.

    Interested in where these touch-up experts are thriving the most, Stacker referenced a WalletHub study to list the 50 best American cities for home flippers. WalletHub ranked the cities according to an index aggregated from three rankings: 1) The city’s market potential, 2) the average cost of renovating and remodeling and 3) the city’s quality of life. A more detailed methodology explaining how they ranked the cities according to each of these factors can be found here.

    Read on to see if you can make a profit flipping homes in your state.

    ALSO: States where people spend most of their paycheck on housing

  • Gwringle // wikicommons
    2/ Gwringle // wikicommons

    #50. Augusta, GA

    Total score: 57.63
    'Market potential' rank: #20
    'Renovation & remodeling costs' rank: #32
    'Quality of life' rank: #143


     

  • Nandaro // wikicommons
    3/ Nandaro // wikicommons

    #49. Las Vegas, NV

    Total score: 57.92
    'Market potential' rank: #90
    'Renovation & remodeling costs' rank: #25
    'Quality of life' rank: #74


     

  • Gp user // wikicommons
    4/ Gp user // wikicommons

    #48. Grand Prairie, TX

    Total score: 57.99
    'Market potential' rank: #107
    'Renovation & remodeling costs' rank: #59
    'Quality of life' rank: #12


     

  • Chris Pruitt // wikicommons
    5/ Chris Pruitt // wikicommons

    #47. Montgomery, AL

    Total score: 57.99
    'Market potential' rank: #66
    'Renovation & remodeling costs' rank: #20
    'Quality of life' rank: #138


     

  • Jeffrey Beall // wikicommons
    6/ Jeffrey Beall // wikicommons

    #46. Aurora, CO

    Total score: 58.15
    'Market potential' rank: #100
    'Renovation & remodeling costs' rank: #60
    'Quality of life' rank: #22


     

  • James Willamor // Flickr
    7/ James Willamor // Flickr

    #45. Raleigh, NC

    Total score: 58.27
    'Market potential' rank: #104
    'Renovation & remodeling costs' rank: #45
    'Quality of life' rank: #30


     

  • Pubic Domina // Good Free Photos
    8/ Pubic Domina // Good Free Photos

    #44. Phoenix, AZ

    Total score: 58.60
    'Market potential' rank: #61
    'Renovation & remodeling costs' rank: #22
    'Quality of life' rank: #92


     

  • Public Domain // wikicommons
    9/ Public Domain // wikicommons

    #43. Louisville, KY

    Total score: 58.71
    'Market potential' rank: #37
    'Renovation & remodeling costs' rank: #53
    'Quality of life' rank: #82


     

  • Nicolas Henderson // flickr
    10/ Nicolas Henderson // flickr

    #42. Winston-Salem, NC

    Total score: 58.73
    'Market potential' rank: #22
    'Renovation & remodeling costs' rank: #55
    'Quality of life' rank: #101


     

  • Kenitzer.1 // wikicommons
    11/ Kenitzer.1 // wikicommons

    #41. Columbus, OH

    Total score: 58.87
    'Market potential' rank: #52
    'Renovation & remodeling costs' rank: #52
    'Quality of life' rank: #60


     

  • no attribution required // wikicommons
    12/ no attribution required // wikicommons

    #40. Memphis, TN

    Total score: 58.93
    'Market potential' rank: #2
    'Renovation & remodeling costs' rank: #40
    'Quality of life' rank: #146


     

  • Brylie Oxley / wikicommons
    13/ Brylie Oxley / wikicommons

    #39. Overland Park, KS

    Total score: 58.97
    'Market potential' rank: #123
    'Renovation & remodeling costs' rank: #73
    'Quality of life' rank: #7


     

  • Osbornb // flickr
    14/ Osbornb // flickr

    #38. Denver, CO

    Total score: 59.06
    'Market potential' rank: #111
    'Renovation & remodeling costs' rank: #50
    'Quality of life' rank: #15


     

  • Michael Barera // wikicommons
    15/ Michael Barera // wikicommons

    #37. Shreveport, LA

    Total score: 59.15
    'Market potential' rank: #62
    'Renovation & remodeling costs' rank: #10
    'Quality of life' rank: #147


     

  • Ebyabe // wikicommons
    16/ Ebyabe // wikicommons

    #36. St. Petersburg, FL

    Total score: 59.26
    'Market potential' rank: #6
    'Renovation & remodeling costs' rank: #79
    'Quality of life' rank: #79


     

  • Tony the Marine // wikicommons
    17/ Tony the Marine // wikicommons

    #35. Glendale, AZ

    Total score: 59.69
    'Market potential' rank: #59
    'Renovation & remodeling costs' rank: #18
    'Quality of life' rank: #91


     

  • tahota // wikicommons
    18/ tahota // wikicommons

    #34. Spokane, WA

    Total score: 60.08
    'Market potential' rank: #16
    'Renovation & remodeling costs' rank: #48
    'Quality of life' rank: #105


     

  • Ammodramus // wikicommons
    19/ Ammodramus // wikicommons

    #33. Lincoln, NE

    Total score: 60.29
    'Market potential' rank: #76
    'Renovation & remodeling costs' rank: #47
    'Quality of life' rank: #27


     

  • Mglsndst1993 //wikicommons
    20/ Mglsndst1993 //wikicommons

    #32. Corpus Christi, TX

    Total score: 60.49
    'Market potential' rank: #138
    'Renovation & remodeling costs' rank: #54
    'Quality of life' rank: #68


     

  • Asaavedra32 // wikicommons
    21/ Asaavedra32 // wikicommons

    #31. Albuquerque, NM

    Total score: 60.69
    'Market potential' rank: #45
    'Renovation & remodeling costs' rank: #27
    'Quality of life' rank: #106


     

  • ilovebutter // flickr
    22/ ilovebutter // flickr

    #30. Henderson, NV

    Total score: 60.92
    'Market potential' rank: #94
    'Renovation & remodeling costs' rank: #35
    'Quality of life' rank: #23


     

  • no attribution required // wikicommons
    23/ no attribution required // wikicommons

    #29. Laredo, TX

    Total score: 60.93
    'Market potential' rank: #149
    'Renovation & remodeling costs' rank: #41
    'Quality of life' rank: #73


     

  • Altairisfar // wikicommons
    24/ Altairisfar // wikicommons

    #28. Mobile, AL

    Total score: 60.96
    'Market potential' rank: #12
    'Renovation & remodeling costs' rank: #13
    'Quality of life' rank: #141


     

  • Ken Lund // flickr
    25/ Ken Lund // flickr

    #27. Lexington-Fayette, KY

    Total score: 61.11
    'Market potential' rank: #15
    'Renovation & remodeling costs' rank: #67
    'Quality of life' rank: #57


     

  • Pixabay
    26/ Pixabay

    #26. New Orleans, LA

    Total score: 61.20
    'Market potential' rank: #7
    'Renovation & remodeling costs' rank: #38
    'Quality of life' rank: #112


     

  • Dsmspense // wikicommons
    27/ Dsmspense // wikicommons

    #25. Des Moines, IA

    Total score: 61.50
    'Market potential' rank: #67
    'Renovation & remodeling costs' rank: #1
    'Quality of life' rank: #102


     

  • Pembroke Pines is in Broward County — Phillip Pessar // Flickr
    28/ Pembroke Pines is in Broward County — Phillip Pessar // Flickr

    #24. Pembroke Pines, FL

    Total score: 61.92
    'Market potential' rank: #33
    'Renovation & remodeling costs' rank: #63
    'Quality of life' rank: #25


     

  • Public Domain // wikicommons
    29/ Public Domain // wikicommons

    #23. Huntsville, AL

    Total score: 61.94
    'Market potential' rank: #40
    'Renovation & remodeling costs' rank: #37
    'Quality of life' rank: #45


     

  • Public Domain // wikicommons
    30/ Public Domain // wikicommons

    #22. Virginia Beach, VA

    Total score: 61.96
    'Market potential' rank: #18
    'Renovation & remodeling costs' rank: #70
    'Quality of life' rank: #34


     

  • 4sale in Gilbert Az // flickr
    31/ 4sale in Gilbert Az // flickr

    #21. Gilbert, AZ

    Total score: 62.43
    'Market potential' rank: #88
    'Renovation & remodeling costs' rank: #62
    'Quality of life' rank: #2


     

  • Kristen Nador // flickr
    32/ Kristen Nador // flickr

    #20. Wichita, KS

    Total score: 62.48
    'Market potential' rank: #31
    'Renovation & remodeling costs' rank: #21
    'Quality of life' rank: #107


     

  • Nyttend // wikicommons
    33/ Nyttend // wikicommons

    #19. Nashville, TN

    Total score: 62.54
    'Market potential' rank: #56
    'Renovation & remodeling costs' rank: #12
    'Quality of life' rank: #64


     

  • Ken Lund // flickr
    34/ Ken Lund // flickr

    #18. Jackson, MS

    Total score: 62.64
    'Market potential' rank: #119
    'Renovation & remodeling costs' rank: #3
    'Quality of life' rank: #136


     

  • David // flickr
    35/ David // flickr

    #17. Colorado Springs, CO

    Total score: 63.09
    'Market potential' rank: #51
    'Renovation & remodeling costs' rank: #46
    'Quality of life' rank: #17


     

  • Brett VA // flickr
    36/ Brett VA // flickr

    #16. Orlando, FL

    Total score: 63.18
    'Market potential' rank: #29
    'Renovation & remodeling costs' rank: #23
    'Quality of life' rank: #70


     

  • Brian Stansberry // wikicommons
    37/ Brian Stansberry // wikicommons

    #15. Knoxville, TN

    Total score: 63.61
    'Market potential' rank: #21
    'Renovation & remodeling costs' rank: #4
    'Quality of life' rank: #114


     

  • Caleb Long // wikicommons
    38/ Caleb Long // wikicommons

    #14. Tulsa, OK

    Total score: 63.77
    'Market potential' rank: #26
    'Renovation & remodeling costs' rank: #14
    'Quality of life' rank: #90


     

  • Cliff // wikicommons
    39/ Cliff // wikicommons

    #13. Little Rock, AR

    Total score: 64.13
    'Market potential' rank: #43
    'Renovation & remodeling costs' rank: #2
    'Quality of life' rank: #94


     

  • no attribution required // wikicommons
    40/ no attribution required // wikicommons

    #12. Lubbock, TX

    Total score: 64.57
    'Market potential' rank: #86
    'Renovation & remodeling costs' rank: #36
    'Quality of life' rank: #54


     

  • Ixnayonthetimmay // wikicommons
    41/ Ixnayonthetimmay // wikicommons

    #11. Chandler, AZ

    Total score: 64.58
    'Market potential' rank: #65
    'Renovation & remodeling costs' rank: #44
    'Quality of life' rank: #5


     

  • Eric Friedebach // Wikicommons
    42/ Eric Friedebach // Wikicommons

    #10. Springfield, MO

    Total score: 64.61
    'Market potential' rank: #115
    'Renovation & remodeling costs' rank: #5
    'Quality of life' rank: #100


     

  • Beyonce245 // Wikicommons
    43/ Beyonce245 // Wikicommons

    #9. Greensboro, NC

    Total score: 64.82
    'Market potential' rank: #48
    'Renovation & remodeling costs' rank: #11
    'Quality of life' rank: #49


     

  • Public Domain // Good Free Photos
    44/ Public Domain // Good Free Photos

    #8. Boise, ID

    Total score: 64.97
    'Market potential' rank: #129
    'Renovation & remodeling costs' rank: #8
    'Quality of life' rank: #13


     

  • David Wilson // flickr
    45/ David Wilson // flickr

    #7. Grand Rapids, MI

    Total score: 65.00
    'Market potential' rank: #25
    'Renovation & remodeling costs' rank: #29
    'Quality of life' rank: #38


     

  • Tampa Gator // wikicommons
    46/ Tampa Gator // wikicommons

    #6. Tampa, FL

    Total score: 66.51
    'Market potential' rank: #8
    'Renovation & remodeling costs' rank: #19
    'Quality of life' rank: #66


     

  • Marelbu // wikicommons
    47/ Marelbu // wikicommons

    #5. Oklahoma City, OK

    Total score: 66.56
    'Market potential' rank: #30
    'Renovation & remodeling costs' rank: #15
    'Quality of life' rank: #37


     

  • Tony the Marine  // Wikimedia Commons
    48/ Tony the Marine // Wikimedia Commons

    #4. Peoria, AZ

    Total score: 66.60
    'Market potential' rank: #97
    'Renovation & remodeling costs' rank: #6
    'Quality of life' rank: #6


     

  • Public Domain // Good Free Photos
    49/ Public Domain // Good Free Photos

    #3. Fort Wayne, IN

    Total score: 67.38
    'Market potential' rank: #106
    'Renovation & remodeling costs' rank: #16
    'Quality of life' rank: #46


     

  • Alexius Horatius // wikicommons
    50/ Alexius Horatius // wikicommons

    #2. Sioux Falls, SD

    Total score: 69.52
    'Market potential' rank: #122
    'Renovation & remodeling costs' rank: #7
    'Quality of life' rank: #29


     

  • Rogelio Rivero Cagigas // wikicommons
    51/ Rogelio Rivero Cagigas // wikicommons

    #1. El Paso, TX

    Total score: 69.60
    'Market potential' rank: #95
    'Renovation & remodeling costs' rank: #9
    'Quality of life' rank: #48


     

2018 All rights reserved.